From the 1st July 2017, the first home owners grant is increasing from $10,000 to $20,000 for newly built homes under $750,000 in regional Victoria. In additional there is stamp duty savings on all properties up to $600,000 during the same period. These changes mean you can save even more when buying your first newly built home at Mandalay.
The $20,000 First Home Owners Grant is not means tested but you must meet certain eligibility requirements
* The price of the property must not exceed $750,000.
* You need to enter into a building contract on or after 1st July 2017.
* You or your partner must not have previosuly purchased a home in
Australia.
* One of the applicants must be a permanent Australian resident
* You must live in the home for a period of 12 months.
For more information or to check your eligibilty requirement
click here